Ahhhhh that was a real long call..
I have been a year here and only only NOW that I understand some credit card information
Payments & credits: -$610.27
Purchases & debits: $499
Interest: $12.7
Payments & credits:
This is what you paid in your visa. For example you made purchases of $646.87 by your visa the previous month and you paid $610.27 of $646.87.
The$ 610.27 is called payment or credit. Payment you did for your visa and your credit. That’s why it is by (-).
Purchases and debits:
This is the amount you used by your credit card to purchase things. So you bought things for 499.75 this month
Interest:
Because you didn’t put payment for the full balance which is $646.87 and you paid only-$610.27. They put interest on you.
Points balance:
By RBC Platinum card you can go to the
Canada 15,000
USA 30,000
Kuba 45,000
Aissa 100,000
Assalamualaikum. I just came across your website and felt the need to comment. I see you are promoting Credit Cards on your website but the interest you are paying on them (and promoting) is a form of Riba and is not permitted in Islam; therefore, it is not a good idea for you to promote them.
Thanks.
Alaykom alsalam Sarina,
Thanks for passing by and thanks for the comment! Credit cards are part of way of life in Canada. It is important to have a credit card and important to have a GOOD credit history. Credit history is important to prove that you are a good responsible person. Having credit card is fine, not paying the bill on time is what is not fine and for sure has Riba on it.